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4 years ago

1. Read the following scenario and answer the question in 5-10 sentences.

1 answer:

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<h2>You can enroll your business and employees with the following insurance viz. </h2><h2>Commercial property insurance, business interruption coverage, inland marine insurance, equipment breakdown insurance, Workers compensation insurance, etc.</h2>

Explanation:

Let us understand why insurance is required in Furnishing manufacturing company.

Has both valuable properties as well as flammable substances
Employees use heavy machines and sharp tools

So both the employees as well as property is at risk. So we must enroll ourselves in insurance to manage the damages.

Commercial property insurance: To protect the building and other materials inside it.
Business interruption coverage: This supports us to pay when the work could not be proceeded due to damage caused.
Inland marine insurance: This is used to recover from the loss incurred when the product is shipped.
Workers compensation benefit: To support the workers when an injury happens or sudden loss of death which happened inside the company premises.

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The current exchange rate between U.S. Dollar and Euro is $1.355/.738. It means that:______a. one Euro can buy 0.738 Dollars.b.

Verdich [7]

Answer:

b. one Dollar can buy 0.738 Euros

Explanation:

Given that

The Current Exchange rate is

= $1.335 ÷ 0.738 Euro

The 0.738 represents the indirect exchange rate now transform it into direct exchange rate

Direct Exchange rate is

= $1 ÷ 0.738 Euro

= $1.3550

Now bid price for purchase one euro is $1.335 and ask price to purchase one euro is $1.355

But the person could purchased at ask price only

Therefore the option b is correct

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3 years ago

Kouba Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.52 direct labor-

Anvisha [2.4K]

Answer:

Kouba Corporation

Direct labor budget for April and May:

April May

Production in units 1,700 1,600

Direct labor-hours per unit 0.52 0.52

Total direct labor-hours needed 884 832

Total direct labor-hours paid 960 960

Direct labor rate $9.00 $9.00

Total direct labor cost $8,640 $8,640

Explanation:

a) Data and Calculations:

April May

Production in units 1,700 1,600

Direct labor-hours per unit 0.52 0.52

Total direct labor-hours needed 884 832

Total direct labor-hours paid 960 960

Direct labor rate $9.00 $9.00

Total direct labor cost $8,640 $8,640

Idle hours paid for 76 128

Cost for idle hours $684 $1,152

b) The Kouba Corporation pays its workers for a total of 204 idle hours with a total cost of $1,836 for the two months period. This amount is substantial, about 10% of the total amount paid for the two months.

6 0

3 years ago

Profit Inc., a manufacturing firm, has purchased raw materials worth $10,000 on credit from its vendors. The business plans to s

andrezito [222]

Profit Inc., a manufacturing firm, has purchased raw materials worth $10,000 on credit from its vendors. The business plans to settle the vendor’s full payment after two months. Under "current liabilities"section of balance sheet this account will be recorded as "account payable".

Answer: Option (B) is correct

<u>Explanation:</u>

Raw material purchased on credit from a vendor is a liability and it is shown under current liabilities in "accounts payable". Since raw material purchased on credit and payment is to be made after two months.

Payment due gives rise to liability. Now current liability is a company's short term obligations that are to be paid back within a year. Here the firm will have to make payment within two months to the vendor.

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3 years ago

Read 2 more answers

What is marketing?

mixer [17]

I believe it is;
e. Marketing is a process of creating customer value
based on this excerpt... "<span>the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return"</span><span />

3 0

3 years ago

In preparing a budgeted balance sheet, the dollar amount of Accounts Receivable can be derived from: Multiple Choice The purchas

Fittoniya [83]

The sales budget and the schedule of cash receipts.

Option B.

<u>Explanation:</u>

Account receivable is the account which consists of the amount that is to be received by a firm for the goods and the services that have been delivered to the customers but the amount and the payment has not yet been received by the firm for the same.

The amount of money that is still to be received can be derived from the accounts having the sales that is done by the firm to the clients.

8 0

3 years ago